The big cake pays attention to the fall after the second shipment, focusing on the support and looking at the short-term support!
Yesterday, the big cake also directly experienced a round of decline, directly breaking the previous days' upswing. Due to the overall trend of the daily chart, the upper side of the big cake also fell under the pressure of the daily chart. The daytime market yesterday experienced a short-term rebound, but did not effectively break through and fell back again. The pressure from above is still quite obvious. In the evening, it is still necessary to continue with the shipment and then go through the next round of consolidation. In the trend of Ethereum, after the fall in the evening, it is currently oscillating and correcting near the MA5 moving average. The intraday oscillation and consolidation are also preparing for the next round of shipment. For the evening market, it is still necessary to wait for the support to fall. When the short-term support is reached, the next market trend can be observed. The support below the big cake in the evening is around 27000-27200. In the evening, first look at the situation of the support falling back, and still walk through the oscillation range first, focusing on the support below in the evening!
The trend of Ethereum also continued to fall after a short-term rebound during the day, because of the four-hour trend, it is now oscillating near the MA5 moving average. The midnight decline also formed a double bottom near the support of the four-hour MA60 below, and there was no effective rebound. Therefore, for the evening, it is still necessary to go through a round of shipment, reach the support below, and then wait for the subsequent market trend to form a bottom. The support below is around 1640-1630. In the short term, it is still necessary to look at the decline. When the support is reached, breaking through will continue with the shipment and fall!
(The article suggests that due to the impact of timeliness, it is recommended for reference only)
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